World ID is Launched in the Philippines to Tackle Cyber Frauds. Will it Succeed?

Exciting news for the Filipinos, finally! They can finally access World ID now. A Worldcoin spokesperson broke the news today!

Worldcoin’s Orb Verification technology is finally available in the Philippines, aiming to provide a safer and more secure crypto trading experience for Filipinos. The technology, which is designed to tackle cyber frauds, has already seen widespread adoption globally. But will it succeed in the Philippines? Only time will tell.

According to a recent statement by a Worldcoin spokesperson, the launch of World ID in the Philippines is a significant step towards making crypto trading safer and more accessible for everyone in the country.

With the launch of World ID in the Philippines, Filipinos can now join the World Network and contribute to building a decentralized and inclusive digital identity layer for the world.

To ensure privacy, users’ biometric data is stored locally on their devices, and their identities are represented by unique Orb IDs. These Orb IDs are used to generate zero-knowledge proofs, which allow users to prove their identities without revealing any sensitive information.

The Worldcoin team has also partnered with local organizations, including Coins.ph, PDAX, and Rebittance, to integrate World ID into their platforms and offer users a seamless and secure way to trade crypto.

In addition to the statement, here are some key highlights:

- Worldcoin’s entry into the Philippines follows a successful launch in Kenya, where over 100,000 people signed up for World ID within a week.

- The launch in the Philippines is part of Worldcoin’s broader mission to onboard 1 billion people into crypto by the end of 2024.

- Worldcoin’s Orb Verification technology has been designed to tackle cyber frauds, such as online scams, deepfakes, and the use of AI bots to impersonate real users.

- The technology is expected to be particularly beneficial in the Philippines, which has seen a rise in deepfake scams in recent years.

- However, Worldcoin’s operations in the Philippines may face some challenges, including concerns over the collection of biometric data without consent and the potential for its use by deepfake scammers.

- The World Network claims that biometric data is stored safely on the users’ devices, using privacy tools like zero-knowledge proofs.

- In their defense, The World Network did a rebranding a few months ago.

- Meanwhile, they also launched an L-2 network and promised better compliance with the data protection laws. But their weak setup remains a concern in countries like the Philippines, where data laws are too weak!